Many pundits are singing the praises of the Chinese economic miracle, but not everything is rosy in China. Yes, they have taken over a lot of the world's manufacturing through low-cost labor and state subsidies, but China is not exactly the model of economic or political freedom. Here are some facts that present a more balanced view or China and its economic central planners:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBOFXm8TlGy3O3i2QYznKgdL_EFM7hy4CNe1cjLJz6kOOhmebD47XZz6aok2S0BAekl8nMY9oansH8q51n2m-fWFyGw2JM5JNxQ120RAfcZyoy0fm1fIMETJaz3utoi42ZzQ09GsTQNqPZ/s400/1chinas-economy-grew-7-times-as-fast-as-americas-over-the-past-decade-316-growth-vs-43.jpg) |
China's economy grew 7 times as fast as America's over the past decade (316% growth vs. 43%)
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![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXLaBTcnhgCPf7GkA3reN-djmoXGr82fA9w1M0W2v2e7Ay-r0GmM8ov4k_MCBQjEZ7gwkq2o1K9GhnIWHVeDlWm0M0rhCA7cWoOLmyIkZqteXSFkyCuzaWcz0kifbbN4X9lIG1Vm_i3xkg/s400/3-chinas-gdp-per-capita-is-the-91st-lowest-in-the-world-below-bosnia-and-herzegovina.jpg) |
China's GDP per capita is the 91st-lowest in the world, below Bosnia & Herzegovina
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![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjllBJlTX9Yp9DuvYxnar3vBULD4YeiVjoS0NALv9OvDlGiS_SWq1oVWu-h5yXtLq6TWB4FcyX_1sEd3QtYBjeoUDWkG3iHmZEohhnP-fFd7GhxJkH0Pw3ZFEaO3vN9IWPxuXBKvCEJeRn9/s400/4-85-percent-of-artificial-christmas-trees-are-made-in-china-so-are-80-percent-of-toys.jpg) |
85 percent of artificial Christmas trees are made in China. So are 80 percent of toys
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![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdllqw5a-BvqXcRzyTwFo0QZUzKOOCvsQZ2AoeoO6U4WslnzSZH8XttNP055QOgKMC1IyAJXsTWtp_KNOFaT_Hh4qsXPtnQgUDHbIIAE6wzC0uaZDYB3tPyoe1zfk0Uh45pElqUe9g9DHA/s400/5-if-he-spent-his-entire-yearly-income-on-housing-the-average-beijing-resident-could-buy-10-square-feet-of-residential-property.jpg) |
If he spent his ENTIRE YEARLY INCOME on housing, the average Beijing resident could buy 10 square feet of residential property
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![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9zKj_L_z2IscrRbLg9DzDWaxp1pxG4s4-Wye4dBHny-H_js-BPX79rmlIcTL2UfdFacvT-D-g4ApyeZAtcy4qyGwSgOffFKhACWRu0vB9G_MP-K_hIGLovkMYvBLQCpDiYUDRpmVCmnqv/s400/6-china-has-more-pigs-than-the-next-43-pork-producing-countries-combined.jpg) |
China has more pigs than the next 43 pork producing countries combined
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![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1NfT4gc_Kn6Cp9bQQq6OwJP_q8R6UaIiOy2YuZQZEuUpB4H9FxF7qoZrsk9ynvIQ0oakdLzqOdreZIGCj5LcaLc75CWLkVrInePvT3QJof6nTwgn2PdLlCEQrWP8Vv7xS5ikzsj6RoZit/s400/7-chinese-consume-50000-cigarettes-every-second.jpg) |
Chinese consume 50,000 cigarettes every second |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisBcbXMz8qEUY2YFpiR8ODwX4od5p92zudrQY312dbGdgsqhCVfdjIn6hhPFICJ8X-RkzRVCg7QEfInmmkiOE5_qNnJstrwD9LX4HQUXCdSPH-kX3bmWcMLJ7gH8S3L76YYWMQuJkkYsa5/s400/8-americas-fastest-high-speed-train-goes-less-than-half-as-fast-as-the-new-train-between-shanghai-and-beijing-150-mph-vs-302-mph.jpg) |
America's fastest "high speed" train goes less than half as fast as the new train between Shanghai and Beijing (150 mph vs 302 mph) |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9XgM2j_IofAqYD-I8pDW0FMFtAVzec6prJtuo1SsO6Z1c5BxPypvapA1GuQffdzBqztt9fUi7QWkYohSPwRpE0BC6JNz51Yjem-tpBoCdGhnTqsXEOqygy_HX1ZwjlseQgxQ9PbtBaNfX/s400/9-chinas-enormous-gobi-desert-is-the-size-of-peru-and-expanding-1400-square-miles-per-year-due-to-water-source-depletion-over-foresting-and-over-grazing.jpg) |
China's enormous Gobi Desert is the size of Peru and expanding 1,400 square miles per year due to water source depletion, over-foresting, and over-grazing |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihETc95bWF2cXVU8eoyWeDkfZ3gxt8DvhmvtP86iEKhmRyVJA7kPGFG3lguS0DJW3qGBb4qEjh8bpcNF7v3qkwAMQ6voKxvJmJplhGGp5356vOtuySZSN2n3Zh0nab8CzAfmK6g4b9E-Ei/s400/10-china-has-64-million-vacant-homes-including-entire-cities-that-are-empty.jpg) |
China has 64 million vacant homes, including entire cities that are empty |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNpXKXW_sTeI39tyqKPSqbHquDULKISoKVJjkFh0oA6AqNmuw03ZdJOcO-WyF6E2BulMvj5KSSPTLi5jJhnfD26H3s1aOHZrBxfoLRNtDUsrZ4Hlx-8qdDC4rPHDfDTXu8O8q0uE63dBu7/s400/11-the-worlds-biggest-mall-is-in-china-but-it-has-been-99-empty-since-2005.jpg) |
The world's biggest mall is in China... but it has been 99% empty since 2005 |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivWgH0fA1FmBZch0-sHbsDDARc9_vVoL1aw4od98ixaCKxNn-af2hg470WbkFTMuE8Oem2zRurfD39vXuiAFzZL4HQ8SVLEgKc0Q5pizfATXpO7hfddzNbEVqFTLSJUiHhIkxUbxOyk65x/s400/17-when-you-buy-chinese-stocks-you-are-basically-financing-the-chinese-government-eight-of-shanghais-top-ten-stocks-are-government-owned.jpg) |
When you buy Chinese stocks, you are basically financing the Chinese government. Eight of Shanghai's top ten stocks are government owned
- PetroChina
- Industrial and Commercial Bank of China
- Sinopec
- Bank of China
- China Shenhua Energy Company
- China Life Insurance Company
- Bank of Communications
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